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In October of 2007, the stock market in the US hit a devastating pre-recession high which triggered a financial crisis in 2008.
These impacts were carried on to the following year and by March of 2009, the market had suffered a demoralizing 50% drop in its value.
Consequently, investors’ retirement portfolios were gravely affected by this substantial drop in value.
Due to these unpredictable financial crises, investors have become more and more interested in 401k to gold IRA rollovers the argument being, gold is a solid investment strategy when fiat currency proves to be anything but volatile.
Since then, 401k to IRA gold rollovers have gained in terms of popularity among investors owing to the fact that they are a safer and more diversified investment portfolio for retirees or anyone concerned of the volatility associated with stock markets.
If you are among those who have decided to follow the wave and roll over your 401k to gold IRA, here’s all you need to know.
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